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2017-08-22
2017 IRMSA Breakfast Presentation - 22 August - JHB

2017-08-24
2017 IRMSA Breakfast Presentation - 24 August - CPT

2017-08-25
2017 IRMSA Breakfast Presentation - 25 August - DBN

2017-09-01
Risk Based Combined Assurance - 1 September 2017 (Cape Town)

2017-09-04 » 2017-09-05
Introduction to Risk Management - 4 & 5 September DBN

Supply Chain Risk Management - 11 September 2017
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 Export to Your Calendar 2017-09-11
When: 8:00 AM
Where: Map this event »
IRMSA Training Centre
144 Katherine Street, Grayston Ridge Office Park
Block A, First Floor, IRMSA, Sandton
Johannesburg, Gauteng  2196
South Africa
Presenter: Nico Snyman
Contact: Nazlee Kok
011 555 1800


Online registration is available until: 2017-08-24
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Course Outline:

Supplier risk management has recently emerged as an important area for risk management. As globalization has changed the business world drastically this past century, companies now have complex global networks from which they buy and sell products.

Given this, Baylor University’s Hankamer School of Business conducted research to determine supplier risk management practices. Their findings are based on interviews with 33 companies including KPMG, Johnson & Johnson, Coca Cola, and IBM to name a few.

Historically, supplier risk management hasn’t made the priority list as other functions have such as sales, marketing, and product development. However, several events have begun to shift the tide towards supplier risk management practices. Consider the following examples.
• Nissan and Toyota experienced considerable disruptions in the supply chain as several tsunamis have hit Japan in recent years.
• McDonald’s sources their meat through OSI. In 2014, it was uncovered that one of OSI’s partners was packaging expired meat
• More current, the construction companies collusion identified and penalized by the Competition Commission and lastly
• The big banks, colluding regarding price fixing.
Supply chain disruptions and supplier quality controls are just two examples of risks associated with supply chains. Other risks to consider are labour issues, weather, supplier reputation, and sustainability.

The course includes a brief overview of the current topical legislation (internationally and locally) that impacts on businesses today. With the Supply Chain under constant attacks regarding clean corporate governance, this risk can longer be ignored. This is also relevant for Public Sector as this is a topic on the agenda for Government, with their current strategy of “Open Tenders”. This has also been imbedded in the National Treasury Guide for Accounting Officers: February 2004.

KING IV is clear about Ethics, Corruption and Corporate Citizenship and organisations therefore need to understand the implications these may have on Supply Chain Processes.

Key Messages:
The training will focus upon the Crest developed Supply Chain Fortification Model which addresses:
• Develop a Procurement Spend Map
• Introduction to Procurement Spend Maps
• Unlocking Business Intelligence and Risk Identification
• Creating Opportunities for Cost Savings
• Principles within Risk and Supply Chain for Cost Savings Initiatives
• 5 Procurement Analysis Theory
• Who is driving Savings, How much and When?
• Creating the equilibrium between long term and short term savings
• Procurement Demand Levers
• Procurement Fortification Equilibrium Savings Model
• Develop and Map the Iceberg Supply Chain Risk Management Technique
• Saving Initiatives across the value chain (Demand, Source, Fulfil, Manage)
• 7 Step Demand Lever Approach
• Contract and Supplier Relationship Management Frameworks
• The onboarding process is a tool used to determine the value of forming a relationship with a supplier.
• Generally this process will include an evaluation of the supplier’s performance and financial health.
• ongoing evaluation of suppliers to ensure an up-to-date analysis of each supplier.
• Other risk management practices include key performance indicators (KPIs) and key risk indicators (KRIs).
• KPIs are a necessary component of risk management strategies.
• Comprehensive review model for supplier risk.
• 4 risk components within the Supply Chain Risk Universe
• Environmental risks,
• Brand reputational risks,
• Data security risks, and
• Labour concerns
• Importance of Business Intelligence and Predictive Intelligence tools
• Practical component

About the presenter

Nico is the founder and CEO of Crest Advisory Africa (Pty) Ltd, a boutique Corporate Governance Advisory and Training and development enterprise.

Nico is an International acclaimed Enterprise Risk Management (ERM) expert and Speaker pertaining to Enterprise-, Project- and Operational Risk, across all verticals and horizontals of Corporate and Public enterprises, such as Supply Chain Management, Legal Compliance, Internal Audit, Safety and Business Continuity. His methodology has been implemented to enhance lean processes, driving objectives and create profitability.

Nico holds a MBA, is a Fellow Member (FIRMSA) of the Institute of Risk Management of SA (IRMSA), member of the Association of Internal Control Professionals (AICP): United Kingdom and represent various companies on Boards, driving Corporate

 

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